Carbon Markets

UPDATE: Australian Carbon Offset Market Report – ACCU price stabilises as participants remain watchful

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The spot price for Australian Carbon Credit Units (ACCUs) has stabilised at $31/t, up 3.3% on the week, as participants begin to find a new equilibrium following the government’s announcement to provide project owners with flexibility to exit their ‘fixed delivery’ carbon abatement contracts (CACs) under the Emissions Reduction Fund. While potential remains for buyers to return to the market, many participants remain watchful as they wait to see how forecast large volume of new supply from existing fixed delivery contracts will be made available to the market. Internationally, prices for voluntary offsets have continued their rollercoaster ride, with nature-based offset prices collapsing below US$10 (A$14) before recovering slightly in recent days amid ongoing volatility in global energy markets.

This report provides a snapshot of current activity in the Australian and international voluntary carbon markets, including spot and forward price dynamics, offset issuance and voluntary cancellations. Analysis considers Australian Carbon Credit Units (ACCUs) and voluntary offsets across key international registries including Verra, Gold Standard, the American Carbon Registry, and the Climate Action Reserve.

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